“The most effective leaders of companies in transition are the quiet, unassuming people whose inner wiring is such that the worst circumstances bring out their best. They're unflappable, they're ready to die if they have to. But you can trust that, when bad things are happening, they will become clearheaded and focused.” PeopleIfsDiesCompanyLeaderWorstReadyCircumstancesQuietHappeningsManagementFocusedBad ThingsTransitionReady To DieWiringUnassuming Author:James C. Collins
“This idea of anticipation is key to investing and to business generally. You can't wait for an opportunity to become obvious. You have to think, "Here's what other people and companies have done under certain circumstances. Now, under these new circumstances, how is this management likely to behave?"” PeopleThinkingIdeasDoneCertainOpportunityWaitingCompanyKeysCircumstancesManagementInvestingObviousBehaveAnticipation Author:Edward Lampert
“Life management begins with mind management. The quality of your life is influenced by the quality of your thoughts. Your thoughts do form your world. Scarce thoughts create a life of scarcity. Thoughts of abundance lead to abundant circumstances.” WorldMindFormLife IsQualityCircumstancesManagementAbundanceScarceScarcity Author:Robin Sharma
“'Crowd folly', the tendency of humans, under some circumstances, to resemble lemmings, explains much foolish thinking of brilliant men and much foolish behavior - like investment management practices of many foundations represented here today. It is sad that today each institutional investor apparently fears most of all that its investment practices will be different from practices of the rest of the crowd.” ThinkingMenHumansDifferentTodayPracticeCircumstancesBehaviorManagementFoundationInvestmentCrowdsBrilliantFoolishTendenciesFollyInvestorsLemmingsInvestment Management Author:Charlie Munger
“One reason there are so many short-lived management fads is that their prescriptions were derived and advocated in precisely this way. So managers read about a fad and try it, find that it doesn't work, abandon the effort, and move on to the next thing. In reality, it is usually the case that the faddish prescription was indeed sound advice in certain circumstances, but actually was poor advice in other circumstances.” WayTryingReasonRealityMovingCertainNextSoundPoorEffortCasesAdviceCircumstancesManagementManagersAbandonPrescriptionsFadsShort LivedSound Advice Author:Clayton Christensen